Despite a $17.2B market size and 1.7% growth in 2024 (IBISWorld), many CPA firms in Canada are finding it hard to scale. Why?
Because growth is not just a goal—it’s a necessity to stay competitive, meet client demands, and adapt to industry changes. Yet, growth is also a challenge, hindered by:
1. Shrinking Talent Pool
90% of accounting/finance hiring managers report challenges finding qualified staff (Robert Half).
The AICPA reports a 40% drop in CPA exam registrations (Canadian Accountant, 2024), signaling a deeper talent pipeline issue.
2. Complex Regulatory Environment
From ESG reporting to digital asset compliance, staying current with regulations is more demanding—and expensive—than ever. Many firms now face higher costs, internal process overhauls, and risk-averse strategies.
3. Slow Adaptation to Technology
While 97% of accounting professionals believe tech is critical, 75% of firms still haven’t embraced AI (Rightworks). Only 13% of Canadian companies have an advanced digital transformation strategy (CME 2023).
How Orakor Helps CPA Firms Grow
At Orakor, we provide outsourced managed accounting services designed to help CPA firms thrive—not just survive.
- Overcome talent gaps without full-time hiring
- Support your firm in implementing compliance measures efficiently
- Leverage modern, AI-driven solutions to boost productivity
Let’s simplify your growth journey together.